Commerzbank
Commerzbank AG (German pronunciation: [kɔˈmɛʁt͡sbaŋk aːˌɡeː] ⓘ) is a global German universal bank headquartered at Commerzbank Tower in Frankfurt. The bank was founded in Hamburg in 1870 and is today among the largest credit institutions in Germany, with total assets of €534 billion as of the end of September 2022. With over 15 percent ownership the Government of Germany is the bank's biggest shareholder.
| Company type | Aktiengesellschaft |
|---|---|
Traded as | FWB: CBK DAX Component LSE: CZB |
| ISIN | DE000CBK1001 |
| Industry | Financial services |
| Founded | 26 February 1870 in Hamburg |
| Founders | Theodor Wille et al. |
| Headquarters | Commerzbank Tower, , |
Area served | Worldwide |
Key people |
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| Services | |
| Revenue | €8.57 billion (2018) |
| €1.245 billion (2018) | |
Net income | €865 million (2018) |
| Total assets | €462 billion (2018) |
| Total equity | €29 billion (2018) |
Number of employees | 47,718 (December 2020) |
| Capital ratio | 12.9% (2018) |
| Rating |
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| Website | www |
| Footnotes / references Commerzbank Investor Relations | |
As of 2018 Commerzbank was present in more than 50 countries around the world and provided almost a third of Germany's trade finance. In 2017 it served 13 million customers in Germany and 5 million customers in Central and Eastern Europe.
Commerzbank has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.